US Consumer Sentiment Toward Overall Economy, Tech Spending Slides

Consumer confidence toward technology spending and the overall economy both decreased in April, according to the latest figures released today by the Consumer Electronics Association (CEA).

The CEA Index of Consumer Expectations (ICE), which measures consumer
expectations about the broader economy, decreased by 2.7 points from last month
to 167.5 in April.

"The first quarter's weather hindered an already tepid economic recovery,"
said Shawn DuBravac, CEA's chief economist and senior director of research.
"Despite this month's slip in consumer sentiment, I expect the economic
draw back that began in the first quarter will continue to improve in the coming
months."

The CEA Index of Consumer Technology Expectations (ICTE), which measures
consumer expectations about technology spending, decreased by 2.7 points in
April to 87.7. However, the April 2014 ICTE is at the highest level since April
of 2011.

"On most accounts the first quarter was bad for the tech industry," said
DuBravac. "April's sentiment numbers likely reflect that but as the economy
improves in the second quarter, I expect consumer sentiment will follow suit."

The CEA Indexes comprise the ICE and ICTE, both of which are updated on a
monthly basis through consumer surveys. New data is released on the fourth
Tuesday of each month. CEA has been tracking index data since January 2007

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